BUSINESSEUROPE considers tackling demographic change one of the five key challenges facing European economies and societies. Demographic change means that the EU population is getting older and living for longer. In contrast, the number of working age people is shrinking. As a result, there will be less people in work to pay the contributions needed to provide income for a larger number of people, who will spend longer in retirement. Unless urgent measures are taken, this change will have a negative impact on pension provision and public finances.
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